ICRA Limited IPO (ICRA IPO) Detail

Established in 1991, ICRA Limited is one of the leading credit rating agencies in India providing a wide range of products and services.

ICRA is primarily engaged in the business of providing rating services. In addition, ICRA, along with its subsidiaries, provide consulting services, information technology based services, information services, and outsourcing services. ICRA Limited has three subsidiaries, namely, IMaCS, ICTEAS and ICRA Online.

ICRA's total revenue has increased from Rs. 333.67 million in fiscal 2003 to Rs. 559.09 million in fiscal 2006, at a CAGR of 18.77%. During the same period, ICRA's profit after tax has increased from Rs. 97.05 million to Rs. 142.04 million, at a CAGR of 13.53%.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to carry out the sale of up to 2,581,100 Equity Shares.

ICRA IPO Lead Manager(s)

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ICRA reported net profit of Rs 4.36 crore in the quarter ended March 2007. Sales reported at Rs 10.50 crore in the quarter ended March 2007.

For the full year, net profit rose 27.47% to Rs 16.10 crore in the year ended March 2007 as against Rs 12.63 crore during the previous year ended March 2006. Sales rose 19.81% to Rs 39.79 crore in the year ended March 2007 as against Rs 33.21 crore during the previous year ended March 2006.

Now, buy FGP Ltd. since it is having 37% Promoters' stake in the Company and the Promoters mean Foriegn Promoters, other shares are held by the Indian Public and others together. It looks attactive since it is having whopping 37% PROMOTERS" STAKE.

ICRA should not be brought at current levels. It has lost its shine and upstream. Buy IFCI or crisil for short term instead.and Tanushree about 1 month target what you have quoted. That will be a 1 year target i guess. 1600 is just too far and it has already reached the volumes.

icra still an excellent stock.see where crisil and educomp is and decide urself. i am pretty sure it will ask companies to buy the stocks as its given rating to lot of them and has huge support from every company.my target 1450-1600 in 1 month.BUY BUY BUY ICRA

Sell ICRA at current levels. Buy ICRA only after a market crash where its going to list at around 600 mark. Those holding sell to make decent profits. ICRA has reached its peak, which was 1138. This price was taken as 1/3 rd of CRISIL price and thats how it fared. Dont buy unless there is a stake increase by promoter Moody in the stock.

Sell ICRA at current levels else be ready to book your losses. I have already made some loss expecting it to go up again by 20%.This was because the MF holding just sold all the shares at 1125 mark which they found to be a stop point.